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American video streaming service
Netflix is an American subscription video on-demand over-the-top streaming television service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
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Netflix (NFLX) received another price target cut from Wall Street in a slew of re-pricings this month, with the stock tumbling in early morning trade after announcing a leadership change on Wednesday, ahead of its third-quarter earnings due next week.
Wedbush decreased their target price on shares of Netflix from $105.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday.
Wedbush cut its Netflix price target to $90 from $105, reiterating its ‘Outperform’ rating.